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Asian Energy News

 

Reuters: Malaysia Probing Aker Solutions over Petronas Dealings

Dec 02, 2020

Malaysia’s anti-graft agency is investigating Norway’s largest oil services provider Aker Solutions on suspicions of making false statements in its dealings with state-owned energy firm Petronas, three sources familiar with the probe said.The Malaysian Anti-Corruption Commission (MACC) is looking into allegations that Aker Solutions made false representations regarding the ownership of one of its Malaysian units in order to win licenses from Petronas…

Uzma's SVP Nets Well Services Deal with SEA Hibiscus

11 hours ago

Malaysian company Uzma has, through its subsidiary Setegap Ventures Petroleum (SVP), won a well services contract with the Malaysian oil firm SEA Hibiscus, a subsidiary of Hibiscus Petroleum.Uzma said that the work order was part of a Pan Malaysia…

OPEC+ Moves Closer to Compromise on 2021 Oil Policy

11 hours ago

OPEC and Russia have moved closer to a compromise over oil supply policy for 2021 after talks earlier this week failed to yield a decision on how to tackle weak oil demand amid a second coronavirus wave, OPEC+ sources told Reuters.The Organization of the Petroleum Exporting Countries…

Australia: Triangle Energy Restarts Oil Output from Cliff Head Field Well

Dec 02, 2020

Australian oil company Triangle Energy has restarted production from its CH-7 well at the Cliff Head offshore oil field in the Perth Basin, Australia.The company in October said it had begun operations to bring back online two wells at the Cliff head offshore field…

MHI Vestas, CIP Lease 5000 sqm Site in Taiwan for Offshore Wind Turbine Works

Dec 02, 2020

Offshore wind turbine maker MHI Vestas Offshore Wind and developer Copenhagen Infrastructure Partners (CIP) have secured a 5000 square meter site in Taiwan, to support the construction of CIP’s Changfang & Xidao Offshore Wind Project.The site…

Australia: ExxonMobil Calls Off Sale of Gippsland Basin Fields

Nov 30, 2020

ExxonMobil has called off the potential multibillion-dollar sale of its oil and gas assets in Australia’s Bass Strait, according to the Australian Financial Review.The decision by the U.S. oil major comes just six weeks after the deadline for…

European Commission Approves Vestas, Mitsubishi Offshore Wind Deal

Nov 27, 2020

The European Commission has granted its approval for wind turbine maker Vestas to acquire Mitsubishi Heavy Industries' shares in their offshore wind joint venture MHI Vestas Offshore Wind.The agreement, which will also see MHI acquire 2.5 percent…

Australia: Melbana Energy Expands Offshore Acreage Near Beehive Prospect

Nov 26, 2020

Australian oil and gas Melbana Energy has been awarded two additional petroleum exploration permits offshore northern Australia, near the license containing the Beehive prospect.The application was made for the permit areas, designated as WA-544-P and NT/P87…

PetroVietnam Says Annual Output Unaffected by COVID-19

Nov 25, 2020

Vietnam's state oil firm PetroVietnam said on Wednesday it was on track to meet its targeted rate of production this year, despite the impact of the coronavirus pandemic and the fall in global crude oil prices.The company, formally known as Vietnam Oil and Gas Group…

Oil Rises on Vaccine Hope, Weak Dollar

Nov 25, 2020

Oil rose for a fourth straight session on Wednesday as the market shrugged off an industry report showing U.S. crude stockpiles rose more than expected, extending a rally driven by hopes that a COVID-19 vaccine will boost fuel demand.Brent crude was up 30 cents…

SATH Floating Wind Concept Gets EC Funding Infusion

Nov 25, 2020

Saitec Engineering won $2.9m funding by the European Commission 'Blue Economy Window' call, funding that will help to further develop its Offshore Floating Wind energy concept.Funding for the SATHScale project will allow to address the challenge…

EnQuest Cuts Output Guidance Due to Incident Off Malaysia and N. Sea Maintenance Works

Nov 24, 2020

London-listed oil company EnQuest has lowered its full-year production guidance, citing scheduled maintenance and an incident on an offshore platform in Malaysia as the reasons.Group production averaged 60,777 Boepd in the ten months to end October 2020…

Ørsted Plans to Build 1.6GW Offshore Wind Projects Near Incheon, South Korea

Nov 24, 2020

Danish offshore wind farm developer Ørsted on Tuesday said it would develop South Korean offshore wind projects with a potential capacity of up to 1.6GW off the coast of Incheon City. Ørsted said its projects in Incheon could provide clean energy to 1…

Samsung Heavy Nets Its 'Largest Ever Single Order'

Nov 23, 2020

South Korean shipbuilder Samsung Heavy Industries has won what has been described as the company's largest-ever single order.The shipbuilder said Monday it had secured an order worth around KRW 2,8 trillion, which is approximately $USD 2,5 billion…

Woodmac: Quiet Year for Upstream M&A in Asia Pacific. Improvement Seen in 2021

Nov 20, 2020

The year 2020 is on course to be the quietest year for upstream transactions in the Asia Pacific region since the beginning of the 21st century, energy intelligence firm Wood Mackenzie said in a report this week, adding that the activity is expected to bounce back in 2021…

Current News

Uzma's SVP Nets Well Services Deal with SEA Hibiscus

Uzma's SVP Nets Well Services Deal with SEA Hibiscus

OPEC+ Moves Closer to Compromise on 2021 Oil Policy

OPEC+ Moves Closer to Compromise on 2021 Oil Policy

Centus Marine Orders Fast Crew Boat from Strategic Marine

Centus Marine Orders Fast Crew Boat from Strategic Marine

Ex-Lockheed Martin CEO Joins Chevron Board

Ex-Lockheed Martin CEO Joins Chevron Board

Australia: Triangle Energy Restarts Oil Output from Cliff Head Field Well

Australia: Triangle Energy Restarts Oil Output from Cliff Head Field Well

MHI Vestas, CIP Lease 5000 sqm Site in Taiwan for Offshore Wind Turbine Works

MHI Vestas, CIP Lease 5000 sqm Site in Taiwan for Offshore Wind Turbine Works

Reuters: Malaysia Probing Aker Solutions over Petronas Dealings

Reuters: Malaysia Probing Aker Solutions over Petronas Dealings

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